What are the ways to sell Mantra coins

Users can sell Mantra Coin (OM) on cryptocurrency exchanges Binance, Huobi Global, and OKX for fiat currencies and other cryptocurrencies.

Nov 10, 2024 at 03:52 am

Ways to Sell Mantra Coins

Mantra Coin (OM), the utility token powering the Mantra DAO platform, offers holders various ways to sell their holdings for profit or to transfer fiat currencies. Here are the primary methods for selling Mantra coins:

1. Cryptocurrency Exchanges

• Binance: The world's largest cryptocurrency exchange by trading volume, Binance offers a vast marketplace for selling OM against a wide range of fiat currencies and cryptocurrencies.
• Huobi Global: Another prominent cryptocurrency exchange, Huobi provides a user-friendly platform for selling OM against various cryptocurrencies.
• OKX: Known for its advanced trading features, OKX enables users to sell OM against both cryptocurrencies and fiat currencies.

To sell OM on a cryptocurrency exchange:

• Create an account and complete the KYC verification process.
• Deposit OM into your exchange wallet.
• Navigate to the 'Sell' section of the exchange's trading platform.
• Select OM as the currency you want to sell.
• Choose the desired fiat currency or cryptocurrency to receive.
• Enter the amount of OM you wish to sell.
• Place a sell order and wait for it to be executed.

2. Decentralized Exchanges (DEXs)

• Uniswap: A leading DEX built on the Ethereum network, Uniswap allows users to sell OM directly from their wallets without the need for intermediaries.
• Sushiswap: Another popular DEX, Sushiswap provides a decentralized marketplace for trading OM and other cryptocurrencies.
• PancakeSwap: Focused on the Binance Smart Chain ecosystem, PancakeSwap allows users to swap OM for other cryptocurrencies or fiat currencies via connected liquidity pools.

Selling OM on a DEX differs slightly from centralized exchanges:

• Establish a compatible wallet, such as MetaMask or Trust Wallet.
• Connect your wallet to the DEX's website or app.
• Import OM tokens into your wallet.
• Select the swap or exchange feature on the DEX.
• Choose OM as the token you wish to sell.
• Select the desired cryptocurrency or fiat currency to receive.
• Approve the transaction and wait for it to be processed.

3. Peer-to-Peer (P2P) Platforms

• LocalBitcoins: A well-known P2P platform, LocalBitcoins connects buyers and sellers of cryptocurrencies, including OM.
• Paxful: Similar to LocalBitcoins, Paxful allows users to trade OM directly with other individuals without intermediaries.
• Bisq: A decentralized P2P platform, Bisq enables users to buy and sell OM anonymously and peer-to-peer.

Selling OM on a P2P platform involves:

• Creating an account on the platform.
• Posting an ad indicating your intention to sell OM.
• Waiting for buyers to contact you.
• Negotiating the price and payment terms with the buyer.

4. Over-the-Counter (OTC) Brokers

• Genesis Trading: A specialized OTC brokerage firm, Genesis Trading offers institutional and high-net-worth individuals access to large-volume OM trades.
• Cumberland: Known for its expertise in the digital asset market, Cumberland provides OTC trading services for OM and other cryptocurrencies.
• Coinbase Prime: A premium trading platform from Coinbase, Coinbase Prime offers OTC trading solutions for large-volume OM transactions.

Selling OM through an OTC broker involves a more personalized approach:

• Contact an OTC broker and provide details of your OM holdings.
• The broker will provide a price quote and negotiate terms with you.
• If you accept the terms, the broker will facilitate the transaction securely and efficiently.